About UsShalimar Paints is one of the leading paints manufacturing companies of India. It has three manufacturing units and more than 54 branches and depots all across the country. The Company has a wide product range in both Architectural and Industrial sectors. The Architectural Coatings cover both Interior and Exterior sectors. The Husain Collection based on the best quality acrylic copolymer based emulsion is the Company's premium acrylic emulsion. The Company also has tinting systems under the brand name "Color Space" where the Company offers more than 9000 shades across all product lines to its customers. |
Happenings / News / Press CoverageSHALIMAR PAINTS PLANS TO RAMP UP CAPACITY July 27, 2007 Shalimar Paints, which is the country’s third-largest protective coatings supplier, has firmed up plans to ramp up capacity. For doing so, the company is considering both organic and inorganic routes and a decision is expected within six months. “We will either set up a greedfield plant in south India or will acquire a company based in that region. We have already identified three paint companies as possible targets. A final decision will be taken by the board within the next six months,” Sandeep Sarda, executive director & CEO of Shalimar Paints, told newsmen on the sidelines of the company’s 105th AGM on Thursday. At present, the annual capacity of Shalimar Paints is 43,000 tonne. It has three plants located in Sikandrabad, Nashik and Howrah. The company has undertaken a capacity expansion exercise at its existing facilities by at least 25%, Mr. Sarda added. Value wise, the national paints market is at Rs 11,000 crore. Out of this, the decorative paints market is Rs 7,700 crore while the balance Rs 3,400 crore is in the industrial paints market. Shalimar Paints enjoys a 4% market share in both categories. The company is also talking to global technology leaders to ink a technology tie-up with them. This apart, the company has plans to introduce water-based eco-friendly paints and new generation wood finish and timber treatments to shore up revenues. The company has also laid special emphasis on sale of high-value products to improve operative margins. Incidentally, the company’s borrowing costs have increased due to hardening of interests rates – both on rupee borrowings and on foreign currency loans and also on account of increased utilization of working capital limits. The interest costs have increased from Rs. 2.92 crore to Rs. 5.34 in 2006-07. The Company announced its QI results on Thursday. The company posted a net sale of Rs. 69.59 crore QI of FY08 against Rs. 61.25 crore in QI of FY07. It clocked a net profit of Rs. 1.33 crore in the first quarter of this fiscal against Rs. 47 lakh in the corresponding period of the previous year.
Aim / Vision / MissionShalimar's vision is to become one of the leading paint manufacturing companies of the country, a leader in product innovation and customer satisfaction. Shalimar intends to build long term value relationships with all its suppliers and customers. The Company's mission is to maximize returns of each stakeholder in the Company be it customers, shareholders, suppliers or employees and become a socially responsible global Corporate Citizen.
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 | Fact Sheet | | | Nature of Business | : | Manufacturer | | Major Markets | : | Indian Subcontinent and South East Asia |
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Contact Details| | Company Name:
| Shalimar Paints Ltd | | Contact Person: | Mr. Surender Kumar Asthana | | Telephone: | +(91)-(22)-28574043 / 28576147
| | Fax No: | +(91)-(22)-28573725 | | Address: | 5th Floor, 'C' Wing, Oberoi Garden Estate, Chandivili, Farm Road, Chandivili, Andheri (E),, Mumbai, Maharashtra - 400072 (India) |
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